Author ~ Bekeme Masade-Olowola Taking a ‘peek’ into the history of Nigeria, one can be overcome with acute nostalgia for a country which had been largely sustained by agricultural and solid mineral extraction prior to the oil boom. Though richly bestowed with a minimum of 44 different types of mineral resources, predominantly untapped, Nigeria is yet…
read more“A business that makes nothing but money is a poor business” – Henry Ford. Globalisation and Increasing Mining Activities In recent times, globalisation, newer technology, connectivity and better education have all worked to increase the amount of business activities globally. These increasing activities have birthed mega corporations, increased working opportunities and improved economic capacity. Along…
read moreAuthor ~ Bekeme Masade-Olowola As the current state of the oil industry portrays an optimistic outlook, what can Nigeria learn from the famous story of Noah who did not wait for the rain to build his ark? The accelerated pace of the global shift from crude oil to renewable and clean energy-powered technologies, such as…
read moreThe volatility of oil price in the last few years has continued to put pressure on government’s revenue projection and on profit margins of the oil and gas companies. The global shift from crude oil to renewable and clean energy powered technologies, such as solar and electric cars, has mounted concerns over the future of…
read moreFirst things first: contrary to the belief of the majority of corporate Nigeria, Corporate Social Responsibility (CSR) is not fulfilled by corporate philanthropy. In fact, there is a clear difference between the two as succinctly stated by Peter Baines (a business consultant and philanthropist) as follows, “The differences between the two can be measured in…
read moreIt is no secret that Nigeria has been dealing with recession worse than ever before. The reasons for this are also well known to include the crashing oil prices, the weakening currency, the increasingly disturbing security challenges, and a host of other socio-political issues. Fortunately, in recent times, it has not been all bad news.…
read moreDeirdre LaPin is a development expert currently based in the US. She is an also Africanist scholar who has studied Nigeria for over 45 years. She lived in Nigeria for extended periods totalling 18 years and for ten years worked in and on the Niger Delta as a managing advisor on development to the oil industry…
read moreA handful of companies in corporate Nigeria have made the smart decision to publish annual sustainability reports. Of those that do not, some are hard pressed to see tangible benefits, others do not believe they have attained the right 'maturity', while the rest have unfortunately not caught on to the fact that responsible business is…
read moreCompanies impact poverty, and poverty, in turn, impacts them. Businesses, therefore, have an important role to play in eradicating poverty and supporting sustainable development. The benefit is mutual – stronger economies and stable societies create vast opportunities for growth in new markets. Transparency is a key success factor in private sector efforts towards eradicating poverty.…
read moreAuthor: Ebuka Onunaiwu Corruption in Nigeria has been described by many people, in many ways, with different adjectives. One prominent adjective that has however been consistently “systemic”. We often hear statements like, “Corruption in Nigeria is systemic”, or “Nigeria suffers from systemic corruption”. For many like me who have often wondered what this means, this…
read moreIssues of corporate governance continue to attract considerable attention nationally and internationally, especially with current global financial volatility. The ongoing global financial ‘tight spot’ has further reinforced the message that governance of organisations should always aim at protecting the interests of all stakeholders, including shareholders/ investors, employees, suppliers, customers, regulators, communities and the public. Corporate…
read moreIt is no secret that Nigeria has faced experienced some economic hardship, especially in recent times. In the Q3 of 2016, it was officially confirmed by the National Bureau of Statistics, that Nigeria was in a recession, with annual inflation of 17.1% in July, food inflation of 15.8%, and an economic contraction of 2.06%. This…
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